- Shippers Accelerate Bookings Ahead of Tariff Deadline.
- FBX01 Soars to $6,015/FEU from $2,770/FEU.
- China to U.S. East Coast Rates Jump Over $3,000.
This week has seen some major shifts in the container shipping market, with freight rates skyrocketing on several key trade routes. Liner companies are quickly adapting their services to keep up with a surge in demand, reports Baltic Exchange.
Shippers are in a Hurry to Meet the U.S. Tariff Deadline
With a 90-day pause on U.S. import tariffs lasting until August, many shippers are ramping up their shipments for Q3 and Q4 to dodge any potential cost hikes. However, the sharp rate increases this week might lead some to hold off on bookings, hoping that prices will level out.
FBX01 and FBX03 Experience the Biggest Jumps
- FBX01 (China/East Asia – USA West Coast):
Wrapped up the week at $6,015/FEU, which is more than double last Friday’s rate of $2,770/FEU. - FBX03 (China/East Asia – USA East Coast):
Shot up by $3,105, finishing the week at $7,090/FEU.
Other Major Routes See Moderate Increases
- FBX11 (China/East Asia – North Europe):
Increased by $177 week-on-week, closing at $2,826/FEU. - FBX13 (China/East Asia – Mediterranean):
Gained $1,073, ending at $4,475/FEU.
Westbound rates and return lanes remain steady
- FBX02 (USA West Coast – China/East Asia):
Stayed relatively stable, closing at $477/FEU. - FBX12 (North Europe – China/East Asia):
Inched up slightly by $93 to $488/FEU.
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Source: Baltic Exchange
